Uniswap (UNI/USD) Market Strives, Making an Upswing
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Uniswap Price Prediction – September 16
The UNI/USD market now strives, making an upswing after witnessing a notable drawdown during the recent operations. The crypto’s percentage rate is about a negative 3.30 as the price currently trades around the $26 level. At this point, it appears that the market is facing a resistant trading moment basically beneath the $30 line.
UNI/USD Market
Key Levels:
Resistance levels: $30, $35, $40
Support levels: $22, $20, $18
UNI/USD – Daily Chart
It has been revealed on the UNI/USD daily chart that the crypto-economic market strives, making an upswing as there has been an emergence of a bullish candlestick on the trend line of smaller SMA during yesterday’s session. The 14-day SMA indicator is above the 50-day SMA indicator. The bullish trend line is drawn below the SMAs, placing a supportive mark around $22. The Stochastic Oscillators have crossed the lines northbound from the oversold region, closely approaching the range of 80. A bearish motion seems to feature along the path of the bullish candlestick formed yesterday. That calls for a cautious exertion of new orders at this point.
Will the UNI/USD trade survive moving northward further as the market strives, making an upswing presently?
There is an indication that the UNI/USD trade may not survive, pushing northward further beyond the level of $30, especially that there is a sign that price tends to reverse against part of the bullish motions made recently. If that price action gets heightened, the market’s efforts, making an upswing by striving, will be nullified.
On the downside, bears may need to be on the lookout for rejection around the level of $30 before a sell order can be exerted. However, a return of fearful breakout at that trading line may portend risky-trading moment to the downside. Trading zones, involving the point mentioned earlier and the $25 will have to be where a return of downward movement of the market feature in the near time
UNI/BTC Price Analysis
In comparison, the UNI/BTC price chart that the cryptocurrency pair market strives, making an upswing.A smaller bullish candlestick has formed to touch the bigger SMA on the sell signal side. The 14-day SMA indicator is closely beneath the 50-day SMA indicator. The Stochastic Oscillators are near, approaching the range of 80 from the oversold region. It indicated that the base crypto is still somewhat under-weighed on the scale of trending capability as paired with the counter flagship cryptocurrency.
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